Machine Vision Market 2020 Disclosing Latest Trends and Advancement Outlook 2026

Machine vision technology is a process that operates by acquiring an image and then providing detailed information about the product. The technology is processed by the combination of software and hardware, to provide operational guidance to execute functions of the machine vision technology. Image sensors, lens, vision processing, communication devices etc. are some major components of the machine vision technology.

The report presents an in-depth assessment of the Machine Vision Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Machine Vision from 2020 till 2023.

Top leading Companies of Global Machine Vision Market are Keyence Corporation, Cognex Corporation, Basler Beteiligungs-Gmbh & Co. Kg. (Basler AG) and others.

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Industry News

FEBRUARY 7, 2020: Omron launches new range of MicroHawk smart cameras. Industrial automation solutions provider Omron has launched the V/F400 and V/F300 Series Smart Cameras, the latest additions to its popular MicroHawk line that combines code reading and vision inspection capabilities into a single device.

06 July, 2019: KEYENCE Announces New 4K Ultra-High Accuracy Microscope. Itasca, IL: KEYENCE Corporation of America, a leading supplier of microscopes, surface measurement systems, and factory automation equipment, has released the world's first 4K ultra-high accuracy microscope. For 30 years, KEYENCE has considered customer feedback and market demand when developing new models. The VHX-7000 marks the 5th generation of our digital microscope product line.

February 15, 2019: Omron releases FHV7 series of smart cameras for vision. Omron Automation Americas has released the FHV7-series smart camera featuring a multi-colour light alongside a range of image sensors.

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Market Segments

Robotic cell machine vision expected to grow at a faster rate in the market
Based on deployment, the machine vision market has been segmented into a general machine vision system and robotic cell. Robot cells are cost-effective and can handle increasing number of product variants as component types can be changed without stopping the production process, simply by changing the inspection software and robot program. Also, robot cells are more accurate and reliable as the field of view of the camera, and perspective can be tailored. Therefore, robotic cells are growing at a faster rate than general market.

Smart Camera-based machine vision to grow at a faster rate during the forecast period
The smart camera-based machine vision system is expected to grow at a faster rate during the forecast period as smart camera-based machine vision systems are cost-effective, compact, and flexible since it is easier to implement changes in these systems based on revised regulations and standards. In addition, with the advancements in smart camera technology and IoT, which can be easily be integrated with smart cameras, and the penetration of the smart camera-based machine vision systems is likely to increase in the next few years.

Predictive maintenance to hold grow at the fastest rate in the market during the forecast period
Predictive maintenance helps in reducing the cost as compared to other techniques like time-based preventive maintenance. Thus, it is carried out when a particular item is in the degradation state. The ultimate aim is to provide cost-saving over schedule-based preventive maintenance or unplanned reactive maintenance, which could result in machinery being unavailable during critical periods. Thus, predictive maintenance is growing at the fastest rate in the machine vision market during the forecast period.

Influence of the Machine Vision market report
-Comprehensive assessment of all opportunities and risk in the Machine Vision market.
-Machine Vision market recent innovations and major events.
-Detailed study of business strategies for growth of the Machine Vision market-leading players.
-Conclusive study about the growth plot of Machine Vision market for forthcoming years.
-In-depth understanding of Machine Vision market-particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Machine Vision market.

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Major Points Covered in TOC:

Overview: Along with a broad overview of the global Machine Vision market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
Analysis on Strategies of Leading Players: Market players can use this analysis to gain competitive advantage over their competitors in the Machine Vision market.

Study on Key Market Trends: This section of the report offers deeper analysis of latest and future trends of the Machine Vision market.
Market Forecasts: Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Machine Vision market.

Regional Growth Analysis: All major regions and countries have been covered in the report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.

Segmental Analysis: The report provides accurate and reliable forecasts of the market share of important segments of the Machine Vision market. Market participants can use this analysis to make strategic investments in key growth pockets of the Machine Vision market.

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